PagSeguro Digital (NYSE:PAGS) Upgraded by KeyCorp to “Hold” Rating

KeyCorp upgraded shares of PagSeguro Digital (NYSE:PAGS) to a hold rating in a report published on Friday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on PAGS. Barclays lowered their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Morgan Stanley restated an “underweight” rating and issued a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. The Goldman Sachs Group lowered their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday. Finally, Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.36.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $7.59 on Friday. PagSeguro Digital has a fifty-two week low of $7.56 and a fifty-two week high of $14.98. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.39 and a beta of 1.95. The firm has a 50 day moving average price of $8.47 and a 200-day moving average price of $10.88.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The business had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities research analysts predict that PagSeguro Digital will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after acquiring an additional 1,113,103 shares in the last quarter. Barclays PLC lifted its stake in shares of PagSeguro Digital by 240.0% in the 3rd quarter. Barclays PLC now owns 270,215 shares of the company’s stock valued at $2,327,000 after purchasing an additional 190,740 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of PagSeguro Digital during the third quarter valued at approximately $2,431,000. Nomura Asset Management Co. Ltd. boosted its position in shares of PagSeguro Digital by 1,238.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 24,100 shares of the company’s stock valued at $208,000 after purchasing an additional 22,300 shares in the last quarter. Finally, Main Management ETF Advisors LLC purchased a new stake in PagSeguro Digital in the third quarter worth $555,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.